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{{short description|American business executive (born 1958)}}
{{Infobox person
| honorific_prefix =
| name = Ronald Kruszewski
| honorific_suffix =
| image = 
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| native_name =
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| birth_name = Ronald James Kruszewski
| birth_date = {{birth year and age|1958}}
| birth_place = [[Crumstown, Indiana]], U.S.
| baptised = 
| nationality = American
| other_names =
| citizenship =
| education =
| alma_mater = [[Indiana University Bloomington]]
| occupation = [[Chairman]] and [[Chief executive officer|CEO]] of [[Stifel]]
| years_active =
| era =
| employer = Stifel
| organization = {{Flatlist|
* [[Federal Advisory Council]]
* [[Saint Louis University]]
* [[Securities Industry and Financial Markets Association]]
* [[St. Louis Regional Chamber]]
}}
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| awards = {{Flatlist|
* [[Ernst & Young Entrepreneur of the Year Award]] (2007)
* Horatio Alger Award (2019)
}}
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}}
'''Ronald James Kruszewski''' is an American business executive. Kruszewski is the [[chairman]], [[chief executive officer]], and former [[President (corporate title)|president]] of [[Stifel]].<ref>{{cite news |last1=Brown |first1=Lisa |title=Stifel creates new office of president |url=https://www.stltoday.com/business/local/stifel-creates-new-office-of-president/article_958cbce3-569e-53d7-84f3-ae65c0ec8a05.html |accessdate=June 12, 2019 |work=St. Louis Post-Dispatch |date=June 11, 2014}}</ref><ref name="Title">{{cite journal |last1=Edwards |first1=Greg |title=Stifel's Kruszewski gives up one of his titles |journal=St. Louis Business Journal |date=June 11, 2014 |url=https://www.bizjournals.com/stlouis/blog/2014/06/stifel-s-kruszewski-gives-up-one-of-his-titles.html |accessdate=June 12, 2019}}</ref> Earlier in his career, he was a [[Certified Public Accountant]] and audit supervisor for [[KPMG]], and later a [[chief financial officer]] for [[Robert W. Baird & Co.]] Kruszewski was appointed to serve on the [[Federal Advisory Council]] by the board of the [[Federal Reserve Bank of St. Louis]] in 2013. He has served on the boards of the [[Securities Industry and Financial Markets Association]], [[Saint Louis University]], and the [[St. Louis Regional Chamber]], among other organizations. He won the [[Ernst & Young Entrepreneur of the Year Award]] in 2007 and was recognized by the [[Horatio Alger Association of Distinguished Americans]] in 2019.

==Early life and education==
Kruszewski was born in [[Crumstown, Indiana]], in 1958.<ref name="HAADA">{{cite web |title=Ronald J. Kruszewski |url=http://www.haakiosk.org/profile.php?PID=130&sortby=&var= |publisher=[[Horatio Alger Association of Distinguished Americans]] |accessdate=June 12, 2019}}</ref> He was the second of four children raised in a [[Blue-collar worker|blue-collar]] family. Of Jewish origin, his father was a [[barber]], and later a [[firefighter]] and owner of a [[Lawn mower|lawn mowing]] business, and his mother was a devout Catholic who raised the family at home.<ref name="HAADA"/><ref name="Edwards">{{cite journal |last1=Edwards |first1=Greg |title=Stifel's Kruszewski named 2019 Horatio Alger winner |journal=St. Louis Business Journal |date=December 11, 2018 |url=https://www.bizjournals.com/stlouis/news/2018/12/11/stifel-s-kruszewski-named-2019-horatio-alger.html |accessdate=June 12, 2019 |publisher=[[American City Business Journals]]}}</ref><ref name="Reuters">{{cite news |title=Exclusive: Stifel in lead to buy Barclays' U.S. wealth unit – sources |url=https://www.reuters.com/article/us-stifel-financial-barclays-m-a-exclusi/exclusive-stifel-in-lead-to-buy-barclays-u-s-wealth-unit-sources-idUSKBN0OE2QG20150530 |accessdate=June 12, 2019 |date=May 29, 2015 |first1=Lauren Tara|last1=LaCapra |first2=Jessica |last2=Toonkel}}</ref> During high school, Kruszewski worked as a [[busser]] at his aunt's restaurant, assisted with his father's lawn mowing business, and sold women's shoes.<ref name=HAADA/> He was the first in his family to attend college, which he funded by mowing lawns and working as a [[Bouncer (doorman)|bouncer]].<ref name=HAADA/> He received an accounting and finance degree with honors from [[Indiana University Bloomington]] in 1980.<ref name=Edwards/>

==Career==
After graduating from university, Kruszewski became a [[Certified Public Accountant]] and joined [[KPMG]] as an audit supervisor. Wanting to enter the [[investment banking]] industry, he relocated to Chicago and started working for Illinois Company Investment as a senior vice president and [[chief financial officer]].<ref name=HAADA/> He then became chief financial officer of strategic planning for [[Robert W. Baird & Co.]] He was mentored by the firm's [[Chief executive officer|CEO]], Fred Kasten, who later helped him earn the CEO position at [[Stifel Financial Corporation]].<ref name=HAADA/>

Kruszewski is the current [[chairman]] and chief executive officer of Stifel.<ref name="Alger">{{cite news |title=Stifel's Ron Kruszewski wins Horatio Alger Award |url=https://www.stltoday.com/business/local/stifel-s-ron-kruszewski-wins-horatio-alger-award/article_1e2d9d1b-3596-56c5-bedc-890adaa6fe1e.html |accessdate=June 12, 2019 |work=[[St. Louis Post-Dispatch]] |date=December 11, 2018}}</ref> His tenure began in 1997 when he succeeded [[George Herbert Walker III]]; among his first actions was implementing the company's wealth accumulation plan as an [[Employee benefits|employee benefit]].<ref name="Cooperman">{{cite journal |last1=Cooperman |first1=Jeannette |title=Stepping Out of the Shadow |journal=[[St. Louis Magazine]] |date=July 25, 2006 |url=https://www.stlmag.com/Stepping-Out-Of-The-Shadow/ |accessdate=June 12, 2019}}</ref><ref>{{cite journal |last1=Edwards |first1=Greg |title=St. Louis' Stifel millionaires: 'I just kept buying the stock' |journal=St. Louis Business Journal |date=April 24, 2015 |url=https://www.bizjournals.com/stlouis/print-edition/2015/04/24/st-louis-stifel-millionaires-i-just-kept-buying.html |accessdate=July 28, 2019 |quote=...Kruszewski started the Stifel Wealth Accumulation Plan when he arrived in 1997, putting 5 percent to 15 percent of employee bonuses in Stifel stock, with a 5 percent company match.}}</ref> Since then, the company has grown significantly by completing a series of acquisitions during the 2000s and 2010s.<ref name=Reuters/><ref name="Horowitz">{{cite news |last1=Horowitz |first1=Jed |title=Stifel CEO again bucks the trend in buying a workout firm |url=https://www.chicagotribune.com/news/ct-xpm-2012-12-21-sns-rt-us-stifel-buckfirebre8bk11c-20121221-story.html |accessdate=June 12, 2019 |work=[[Chicago Tribune]] |date=December 21, 2012}}</ref><ref>{{cite journal |last1=Edwards |first1=Greg |title=What Stifel has been buying |journal=St. Louis Business Journal |date=November 23, 2018 |url=https://www.bizjournals.com/stlouis/news/2018/11/23/what-stifel-has-been-buying.html |accessdate=June 12, 2019}}</ref> Kruszewski has voiced his opposition to the [[United States Department of Labor]]'s proposed fiduciary rules intended to keep investment brokers from providing conflicted advice because of their potential impact to the company's fee structure.<ref>{{cite journal |last1=Ebeling |first1=Ashlea |title=Brokers V. Robo Advisors: DOL Fiduciary Hearings Wrap Up |journal=[[Forbes]] |date=August 14, 2015 |url=https://www.forbes.com/sites/ashleaebeling/2015/08/14/brokers-v-robo-advisors-dol-fiduciary-hearings-wrap-up/#6b0a13aa4f4e |accessdate=July 28, 2019}}</ref><ref>{{cite news |last1=Nicklaus |first1=David |title=Nicklaus: Stifel CEO offers compromise on fiduciary rule |url=https://www.stltoday.com/business/columns/david-nicklaus/nicklaus-stifel-ceo-offers-compromise-on-fiduciary-rule/article_8e4f0f81-d5b0-5e4a-9dbd-8d6c392106fc.html |accessdate=July 28, 2019 |work=St. Louis Post-Dispatch |date=August 4, 2017}}</ref><ref>{{cite web |title=Transcript of Proceedings |url=https://www.dol.gov/sites/dolgov/files/EBSA/laws-and-regulations/rules-and-regulations/public-comments/1210-AB32-2/hearing-transcript-4.pdf |publisher=[[United States Department of Labor]] |accessdate=July 28, 2019 |date=August 13, 2015 |pages=1,067–1,076}}</ref>

Kruszewski is the longest serving chief executive of the major banks.<ref>{{cite news |last1=Sozzi |first1=Brian |title=Stifel CEO: What the Next 20 Years Looks Like for Wall Street |url=https://www.thestreet.com/story/14545570/1/stifel-ceo-what-the-next-twenty-years-looks-like-for-wall-street.html |accessdate=July 10, 2019 |work=[[TheStreet.com]] |date=April 4, 2018}}</ref>

===Board service and recognition===
Kruszewski was executive chairman of Angelica Corporation and the Downtown St. Louis Partnership.<ref>{{cite web |title=Schedule 14A |url=https://www.sec.gov/Archives/edgar/data/720672/000119312513175860/d525380ddef14a.htm |publisher=[[U.S. Securities and Exchange Commission]] |accessdate=July 28, 2019 |date=April 26, 2013}}</ref> He was appointed to serve on the [[Federal Advisory Council]] by the board of the [[Federal Reserve Bank of St. Louis]] in late 2013.<ref name="FAC">{{cite journal |last1=Edwards |first1=Greg |title=Stifel's Kruszewksi joins Federal Advisory Council |journal=St. Louis Business Journal |date=December 16, 2013 |url=https://www.bizjournals.com/stlouis/blog/2013/12/stifels-kruszewksi-joins-federal.html |accessdate=June 12, 2019}}</ref> He was re-appointed in late 2014 and early 2019.<ref>{{cite journal |last1=Edwards |first1=Greg |title=Kruszewski reappointed to Fed's Advisory Council |journal=St. Louis Business Journal |date=December 29, 2014 |url=https://www.bizjournals.com/stlouis/blog/2014/12/kruszewski-reappointed-to-fed-s-advisory-council.html |accessdate=June 12, 2019}}</ref><ref>{{cite news |title=People in Business |url=https://www.stltoday.com/business/local/people-in-business/article_5ba57a30-e01b-5aa7-92da-fb6587026109.html |accessdate=July 28, 2019 |work=St. Louis Post-Dispatch |date=February 8, 2019}}</ref><ref>{{cite web |title=Ronald J. Kruszewski Reappointed to Federal Advisory Council |url=https://www.stlouisfed.org/news-releases/2019/01/09/2019-st-louis-fed-federal-advisory-council |publisher=[[Federal Reserve Bank of St. Louis]] |accessdate=June 12, 2019 |date=January 9, 2019}}</ref> Kruszewski is the chairman of the American Securities Association and Downtown Now!,<ref>{{cite news |last1=White |first1=Ben |title=Gary Cohn's non-denial denial |url=https://www.politico.com/newsletters/morning-money/2018/09/12/gary-cohns-non-denial-denial-337221 |accessdate=June 12, 2019 |work=[[Politico]] |date=September 12, 2018}}</ref> and serves as a board member of Concordance Academy,<ref>{{cite news |last1=Stahlman |first1=Stacey |title=Board News |url=https://www.laduenews.com/the-cut/board-news/article_0981e0af-2f49-5781-827f-9823933189f7.html |accessdate=July 10, 2019 |work=Ladue News |date=December 14, 2015}}</ref><ref>{{cite web |title=Board of Directors |url=https://concordanceacademy.org/about/board/ |publisher=Concordance Academy |accessdate=June 12, 2019}}</ref> the [[Securities Industry and Financial Markets Association]],<ref>{{cite web |title=Ronald J. Kruszewski |url=https://www.sifma.org/people/ronald-j-kruszewski/ |publisher=[[Securities Industry and Financial Markets Association]] |accessdate=June 12, 2019}}</ref> and the [[St. Louis Regional Chamber]].<ref name="ASA">{{cite web |title=Leadership |url=http://americansecurities.org/leadership/ |publisher=American Securities Association |accessdate=June 12, 2019}}</ref><ref>{{cite web |title=Board of Directors |url=http://www.stlregionalchamber.com/who-we-are/board-of-directors |accessdate=June 12, 2019 |publisher=[[St. Louis Regional Chamber]]}}</ref> He is currently on the board of trustees for [[Saint Louis University]] and the U.S. Ski and Snowboard Team Foundation.<ref name=ASA/><ref>{{cite web |title=Board of Trustees |url=https://www.slu.edu/about/leadership/board-of-trustees.php |publisher=[[Saint Louis University]] |accessdate=June 12, 2019}}</ref> He is a member of St. Louis' Regional Business Council and the local chapter of the World Presidents' Organization.<ref name=ASA/>

Kruszewski received an [[Ernst & Young Entrepreneur of the Year Award]] in the financial services category in 2007.<ref>{{cite journal |title=Local Entrepreneur of the Year winners announced |journal=St. Louis Business Journal |date=July 6, 2007 |url=https://www.bizjournals.com/stlouis/stories/2007/07/02/daily53.html |accessdate=July 28, 2019}}</ref><ref>{{cite journal |title=Kruszewski named E&Y Entrepreneur of the Year |journal=St. Louis Business Journal |date=November 19, 2007 |url=https://www.bizjournals.com/stlouis/stories/2007/11/19/daily10.html |accessdate=July 28, 2019}}</ref> In 2008, ''[[St. Louis Magazine]]'' credited him for helping the city, [[The Cordish Companies]], and [[St. Louis Cardinals]] president [[Bill DeWitt III]] come to an agreement to fund [[St. Louis Ballpark Village]].<ref name="Power">{{cite journal |title=Power '08 |journal=St. Louis Magazine |date=October 29, 2008 |url=https://www.stlmag.com/news/Power-08/ |accessdate=June 12, 2019 |first1=Margaret |last1=Bauer |first2=Jeannette |last2=Cooperman |first3=Malcolm |last3=Gay |first4=Bryan A. |last4=Hollerbach |first5=Christy |last5=Marshall |first6=Jarrett |last6=Medlin |first7=Stefene |last7=Russell |first8= Stephen |last8=Schenkenberg}}</ref> Kruszewski appeared on the cover of ''St. Louis Commerce Magazine'' alongside three other executives in 2011.<ref>{{cite web |title=Jim Weddle '75 Featured in St. Louis Commerce Magazine |url=https://www.depauw.edu/news-media/latest-news/details/26458/ |publisher=[[DePauw University]] |accessdate=June 12, 2019 |date=January 30, 2011}}</ref>

In 2019, he was one of 13 recipients of the Horatio Alger Award, an honor presented by the [[Horatio Alger Association of Distinguished Americans]] to recognize the achievements of outstanding Americans who have succeeded in spite of adversity.<ref name=Edwards/><ref name=Alger/>

==Personal life==
In 2012, Kruszewski won the Dancing with the St. Louis Stars competition, a benefit for the [[Independence Center (St. Louis)|Independence Center]] sponsored by Stifel.<ref>{{cite news |last1=Graesser |first1=Laura |title=Independence Center: Shall We Dance? |url=https://www.laduenews.com/nonprofits/promotions/independence-center-shall-we-dance/article_214f2d9d-ed4b-5099-bae7-1efe12fe6972.html |accessdate=July 28, 2019 |work=Ladue News |date=November 29, 2012}}</ref><ref name="Hokey">{{cite journal |last1=Edwards |first1=Greg |title=Video: Watch Stifel's Ron K. dance the hokey pokey. Really. |journal=St. Louis Business Journal |date=January 20, 2012 |url=https://www.bizjournals.com/stlouis/blog/2012/01/video-watch-stifels-ron-k-dance-the.html |accessdate=June 12, 2019}}</ref> He served as a judge for the 2013 competition.<ref>{{cite journal |last1=Chumley |first1=Amanda |title=Dancing with the St. Louis Stars 2013: And The Winner Is... |journal=St. Louis Magazine |date=January 30, 2013 |url=https://www.stlmag.com/event/Dancing-the-Night-Away-With-the-St-Louis-Stars/ |accessdate=June 12, 2019}}</ref><ref>{{cite news |last1=Holleman |first1=Joe |title=STL 'celeb' hoofers cut rug for charity |url=https://www.stltoday.com/news/local/columns/joe-holleman/stl-celeb-hoofers-cut-rug-for-charity/article_ac8620ec-7c66-5846-a005-f9252b503443.html |accessdate=June 12, 2019 |work=St. Louis Post-Dispatch |date=February 6, 2013}}</ref>

==See also==
* [[List of Indiana University (Bloomington) people]]

==References==
{{Reflist}}

==Further reading==
*{{cite book |last1=LaRocco |first1=Lori Ann |title=Opportunity Knocking: Lessons from Business Leaders |date=March 11, 2014 |publisher=Agate Publishing |chapter-url=https://books.google.com/books?id=9jWlAgAAQBAJ&pg=PA77|chapter=Stay the Course: Ron Kruszewski|isbn=9781572847316 }}

==External links==
* [https://quotes.wsj.com/SF/company-people/executive-profile/34657 Ronald James Kruszewski, 60] at ''[[The Wall Street Journal]]''
* [https://www.twst.com/bio/ronald-j-kruszewski/ Ronald J. Kruszewski] at ''[[The Wall Street Transcript]]''
{{authority control}}

{{DEFAULTSORT:Kruszewski, Ronald}}
[[Category:American chief executives]]
[[Category:Indiana University Bloomington alumni]]
[[Category:21st-century American businesspeople]]
[[Category:American accountants]]
[[Category:American chief financial officers]]
[[Category:KPMG people]]
[[Category:Businesspeople from Indiana]]
[[Category:1958 births]]
[[Category:Living people]]

Ronald Kruszewski - Revision history

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